Puget Sound Energy Foundation
- Assets
- $19.9m
- Revenue
- $4.1m
- Investments
- $19.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2006
- Data as of
- 12/2021
- EIN
- 20-4863534
Organization Overview
Puget Sound Energy Foundation is located in Wilmington, DE. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Puget Sound Energy Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Puget Sound Energy Foundation generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 9.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Puget Sound Energy Foundation has awarded 2,531 individual grants totaling $8,281,335. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy W Wappler President / Chairman / Director | 1 | $0 | |
Tom Hunt Director | 1 | $0 | |
Cara Peterman Director / Treasurer | 1 | $0 | |
Kendall Cammermeyer Director | 1 | $0 | |
Kim Collier Vice President / Director | 1 | $0 | |
Margaret Hopkins Director / Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source Inc | 12/30/21 | $90,156 |
Verus Advisory Inc | 12/30/21 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $455 |
| Dividends & Interest | $458,976 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,614,879 |
| Capital Gain Net Income | $3,614,879 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,500 |
| Total Revenue | $4,075,810 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,326 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $90,211 |
| Total operating and administrative expenses | $193,537 |
| Contributions, gifts, grants paid | $2,137,951 |
| Total expenses and disbursements | $2,331,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $535,222 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,854,198 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Puget Sound Energy Foundation has awarded $2,137,951 in support to 421 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: MIDDLE FORK SNOQUALMIE INITIATIVE | $200,000 |
AMERICAN NATIONAL RED CROSS - NORTHWEST CHAPTER PURPOSE: TO PROVIDE LOCAL SUPPORT THROUGH THE DISASTER PREPAREDNESS AND HOME FIRE CAMPAIGN PROGRAMS WHICH WILL BENEFIT PUGET SOUND ENERGY'S TEN SERVICE AREAS AND FOUR GENERATION COUNTIES: WHATCOM, ISLAND, SKAGIT, SNOHOMISH, KING, KITTITAS, KITSAP, PIERCE, THURSTON, LEWIS, GARFIELD, KLICKITAT, COLUMBIA AND COWLITZ. | $136,000 |
AMERICAN HEART ASSOCIATION INC - PACIFICMOUNTAIN AFFILIATE PURPOSE: $25,000 MENTAL WELLBEING IT'S MY TIME AND $75,000 FULL MISSION GIFT TO THE AMERICAN HEART ASSOCIATION TO HELP SAVE AND IMPROVE LIVES BY FUNDING A VARIETY OF PROGRAMS AND INITIATIVES RELATED TO AND/OR INCLUDING STOCKING HEALTH PANTRIES AND NUTRITION SECURITY. | $100,000 |
MARYS PLACE SEATTLE PURPOSE: GENERAL SUPPORT - PSE FOUNDATION SHELTER AND UNHOUSED PROGRAM | $50,000 |
Bellingham, WA PURPOSE: GENERAL SUPPORT - PSE FOUNDATION SHELTER AND UNHOUSED PROGRAM | $50,000 |
Seattle, WA PURPOSE: GENERAL & UNRESTRICTED | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
F M Kirby Foundation Inc Morristown, NJ | $303,494,554 | $34,334,700 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Victoria Foundation Inc Newark, NJ | $335,393,283 | $24,137,337 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |